Overview
What is River Manor Apartments Inc?
River Manor Apartments Inc is a nonprofit organization situated in Little Rock, Arkansas, specifically at 8101 Interstate 30 Suite A, 72209. Their primary mission is to provide low-income housing options for the elderly, adhering to the guidelines set forth by the U.S. Department of Housing and Urban Development. The organization is dedicated to enhancing living conditions for the elderly community in Osceola, Arkansas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Stars)
River Manor Apartments Inc has received a Two-Star rating from Charity Navigator, indicating a mixed performance in terms of accountability and finance. The organization has a solid program expense ratio of nearly 88%, reflecting a strong commitment to its mission-related activities. Additionally, it demonstrates effective governance with 100% of its board members being independent and a fully compliant audit and oversight committee.
However, the nonprofit faces challenges highlighted by its liabilities to assets ratio, which stands at 107.86%. This indicates that the organization has more liabilities than assets, raising concerns about its financial stability. Although the organization excels in certain governance practices, this financial metric suggests potential risks that may affect its long-term sustainability.
Overall, while River Manor Apartments Inc shows strengths in governance and program execution, stakeholders should remain aware of its financial challenges. The organization’s commitment to transparency and adherence to financial oversight are commendable, yet the high liabilities signal a need for careful financial management moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is River Manor Apartments Inc legitimate?
River Manor Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. River Manor Apartments Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $124,106
For more financial information, click here
What is the mission statement of River Manor Apartments Inc?
River Manor Apartments Inc is committed to providing low-income housing for the elderly, adhering to the guidelines set by the U.S. Department of Housing and Urban Development, located in an unspecified location. The organization's primary objective is to ensure that elderly individuals have access to affordable housing, upholding the regulations stipulated by the aforementioned department. This mission aims to support the elderly population with their housing needs, contributing to their overall well-being. The organization's efforts are geared towards fulfilling this mission and ensuring that the elderly have a place to call home, despite their financial constraints.
Who is the CEO of River Manor Apartments Inc?
Michael Harrelson is the President of River Manor Apartments Inc.
What is the revenue of River Manor Apartments Inc?
River Manor Apartments Inc's revenue in 2023 was $806,920.
Who are the executives of River Manor Apartments Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for River Manor Apartments Inc?
River Manor Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of River Manor Apartments Inc
River Manor Apartments Inc, as a nonprofit organization, is committed to providing low-income housing for the elderly in an unspecified location, adhering to the regulations set forth by the U.S. Department of Housing and Urban Development. Their mission is to create an environment where elderly individuals, who may be financially constrained, can reside in comfort and security. By adhering to these governmental guidelines, River Manor Apartments Inc strives to make a meaningful impact in the lives of its inhabitants, ensuring they have access to suitable housing during their golden years.
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Impact
July, 2024
River Manor Apartments Inc provides a crucial service by offering low-income housing to the elderly in Osceola, Arkansas. By meeting the requirements set forth by the U.S. Department of Housing and Urban Development, this organization ensures that vulnerable members of the community have access to safe and affordable housing. Their impact can be seen in the improved quality of life for elderly residents who may have limited means and resources. River Manor Apartments Inc plays a vital role in addressing the housing needs of the elderly population in Osceola, demonstrating a commitment to social responsibility and community well-being.
This information is meant to be a general summary of River Manor Apartments Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $489
- Program Service Revenue: $623,364
- Gross Receipts: $806,920
Assets and Liabilities:
- Total Assets: $1,883,341
- Total Liabilities: $2,031,523
- Net Assets: -$148,182
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$613,526
TENANT CHARGES
Revenue
$7,394
LAUNDRY AND VENDING REVENUE
Revenue
$2,444
Organization Details
Founding Year
1981
Phone
(501) 280-0037Principal Officer
Michael Harrelson
Main Address
8101 INTERSTATE 30 SUITE A, LITTLE ROCK, AR, 72209
NTEE Category
Code: L200 - Housing
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